“The goal (of this working party) is to support the life insurance, pensions and retirement industry with relevant research to support new product innovation by bringing together research on investments, products and consumers with the ultimate goal to increase consumer choice and value for money”.
Key objectives:
- This is an opportunity to produce thought leadership that can be used to influence
- Compile and review current literature in the pensions, investments and life insurance arenas to ensure access to up-to-date information.
- Perform modelling to show the impact of offering certain guarantees and explore the impact of missing products (e.g. deferred annuities).
- Perform modelling to consider a range of different investment strategies (e.g. long term investments from age 55 to 85 as a core illiquid strategy with shorter term bonds to provide cashflows for drawdown early on, alongside potential equity release cashflows).
- Provoke thought leadership and innovation within the industry through presentations and forums to gain wider input.
Key outputs:
- Evolving how products meet consumer needs through retirement: Life Conference Presentation - 22-24 November 2022
- Finding a good fit: innovation in DC pensions, The Actuary, May 2022
- Identifying opportunities for innovation in postretirement products, paper 1 - March 2022, a summary of current retirement products and principles for identifying and assessing success
- A sessional meeting or SIAS meeting
- A presentation at the Life Conference 2019
- An article in The Actuary
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Chair: |
Esther Hawley |
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Membership: |
7 |
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Established: |
2018 |
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